IT stocks steer Indian equity benchmarks

The Indian equity benchmarks continued to surge on Tuesday led by gains in information technology stocks. The 30-share BSE Sensex jumped 221 points or 0.37 per cent to close at 60,616, while the broader NSE Nifty settled 52 points or 0.29 per cent higher at 18,056. Both the indexes logged their third straight session of gains. Mid- and small-cap shares finished a tad higher as Nifty Midcap 100 index rose 0.09 per cent and Nifty Smallcap 100 index gained 0.06 per cent. Eight out of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in green. Nifty IT outperformed the index by rising as much as 1.03 per cent. IT heavyweights Tata Consultancy Services, Wipro and Infosys will kick start the third-quarter (Q3) earnings on January 12. "There are a lot of positive expectations in the market in relation to the Q3 results. We could see good positive momentum in the market in the coming days.

— NDTV Online